Agriculture > products
cassava, sugar, rice, corn, peanuts, vegetables, coffee, cocoa; forest products |
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Budget > Revenues
|
$3,295,000,000.00 |
|
[106th of 166]
|
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Definition: Economy > Budget > Revenues |
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Source: CIA World Factbook, 28 July 2005 |
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Consumer price index
|
112.83 %
|
|
[109th of 165]
|
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Definition: Economy > Consumer price index |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Current account balance
|
-$1,491,000,000.00 |
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[134th of 181]
|
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Definition: Economy > Current account balance |
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Source: World Development Indicators database |
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Debt > External
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$5,000,000,000.00 |
|
[7th of 136]
|
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Definition: Economy > Debt > External |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
The economy is a mixture of subsistence agriculture, an industrial sector based largely on oil, and support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its oil earnings through oil-backed loans that have contributed to a growing debt burden and chronic revenue shortfalls. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF. However, the reform program came to a halt in June 1997 when civil war erupted. Denis SASSOU-NGUESSO, who returned to power when the war ended in October 1997, publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. Economic progress was badly hurt by slumping oil prices and the resumption of armed conflict in December 1998, which worsened the republic's budget deficit. The current administration presides over an uneasy internal peace and faces difficult economic challenges of stimulating recovery and reducing poverty. Recovery of oil prices has boosted the economy's GDP and near-term prospects. In March 2006, the World Bank and the International Monetary Fund (IMF) approved Heavily Indebted Poor Countries (HIPC) treatment for Congo. |
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Definition: Economy > Economy > Overview |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
Communaute Financiere Africaine francs (XAF) per US dollar - 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001), 711.98 (2000) |
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Definition: Economy > Exchange rates |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$5,800,000,000.00 |
|
[94th of 189]
|
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Definition: Economy > Exports |
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Source: CIA World Factbook, 28 July 2005 |
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GDP
|
$7,385,169,000.00 |
|
[110th of 203]
|
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Definition: Economy > GDP |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP (purchasing power parity)
|
$12,860,000,000.00 |
|
[133rd of 187]
|
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Definition: Economy > GDP (purchasing power parity) |
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Source: World Development Indicators database and CIA World Factbook |
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GDP > PPP
|
$3,820,000,000.00 |
|
[145th of 163]
|
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Definition: Economy > GDP > PPP |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP > Real growth rate
|
-1.6% |
|
[184th of 198]
|
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Definition: Economy > GDP > Real growth rate |
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Source: World Bank. 2005. World Development Indicators 2005. |
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GDP growth > annual %
|
9.2 annual %
|
|
[15th of 187]
|
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Definition: Economy > GDP growth > annual % |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP per capita, PPP > current international $
|
1,262.21 PPP $
|
|
[139th of 169]
|
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Definition: Economy > GDP per capita, PPP > current international $ |
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Source: World Development Indicators database |
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Gross national income > constant LCU
|
213155400000 |
|
|
|
Definition: Economy > Gross national income > constant LCU |
|
Source: World Development Indicators database |
|
Human Development Index
|
0.512 |
|
[144th of 178]
|
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Definition: Economy > Human Development Index |
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Source: World Development Indicators database |
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Imports of goods, services and income > BoP, current US$
|
4,054,273,000 BoP $
|
|
[98th of 156]
|
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Definition: Economy > Imports of goods, services and income > BoP, current US$ |
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Source: Human Development Report 2006, United Nations Development Programme |
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Inflation rate (consumer prices)
|
2.7% |
|
[134th of 192]
|
|
Definition: Economy > Inflation rate (consumer prices) |
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Source: World Development Indicators database |
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Total reserves minus gold > current US$
|
731,829,800 $
|
|
[112nd of 178]
|
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Definition: Economy > Total reserves minus gold > current US$ |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals by region of origin > Europe
|
8,752 |
|
[164th of 195]
|
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Definition: Economy > Tourist arrivals by region of origin > Europe |
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Source: World Development Indicators database |
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